USD Index Potential Bullish Triangle Thrust

Potential bullish triangle. Void if index breaks below 96.17. The timing and ending levels of prospective "D" and "E" waves are hypothesized based on equal time cycles among peaks and among lows, and assuming .786 proportions for "D" of "B" and for "E" of "C" (following from the "C" wave's actual .786 proportion of "A"). Based on this, potential for minimum upward thrust to 101.50 level.

Update 4/28: The 96.17 level has been broken to the downside. If this will still develop as a triangle, I will now have to take the view that the ABC waves thus far have been the component waves of one larger "A" wave.

Related Ideas

Wave "C" has moved slightly lower, decreasing leverage on the the post-triangle thrust estimate and implying the end of wave "E" will occur slightly above the lower trendline rather than below it. Keeping in mind, the expected wave "D" has not occurred yet and is necessary to establish to upper trendline to take an accurate thrust measurement, the origin of wave "A" and the top of wave "B" are for now just used as a general guideline for the upper trendline's angle.

The 96.17 level has been broken to the downside. If this will still develop as a triangle, I will now have to take the view that the ABC waves thus far have been the component waves of one larger "A" wave.